Gilbert Az Market Updates October 2012
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Transcript of Gilbert Az Market Updates October 2012
MARKET UPDATESolutions Real Estate
· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics
· Report for the week ofOctober 15, 2012
· Presented by David DionSolutions Real Estatewww.SolutionsRealEstate.com - [email protected]
GILBERT, AZ
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Median List Price
Median Lot Size
27.5
Percent Relisted (reset DOM)
2288
2.0
14 %
Median Number of Bathrooms
83
Inventory of Properties Listed
$ 106
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 245,000
25 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
±+
==
==
±+
±+
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
9 183582
732.0 11
3.0
31
67
4.0 211
98
44
32
10 - 20 acres
12
$ 215,000
28
20
211
3.0
10 - 20 acres
372.5
1566 6,501 -8,000 sqft
210
$ 145,000
4.0
92
8,001 -10,000 sqft$ 287,495
4.0$ 431,208
11
30
2623
With inventory, days-on-market, andthe Market Action Index all recentlyplateaued, the market is not sendingstrong directional signal for the near-term outlook.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
210
2039
2.0
The median list price in GILBERT, AZthis week is $245,000. The 842properties have been on the marketfor an average of 83 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
GILBERT, AZCity Overview
Least Expensive Listing
Average List Price
Average Age of Listing
842
$ 90,000,000
$ 44,900
$ 396,767
12
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 2 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewGILBERT, AZ
Monday October 15, 2012
Median PricePrices continue their climb again this week. We're a long way from the market's price high-point so watch the Market ActionIndex as an indicator of how long this trend will last.
90-day Average7-day Average
Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 3 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewGILBERT, AZ
Monday October 15, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 4 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewGILBERT, AZ
Monday October 15, 2012
Market Action IndexThe GILBERT market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day Market ActionIndex stands this week at 27.48 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of the market are in the Buyer's Market zone with several months of inventory given the current rateof demand for homes in the quartile. Notice that Quartile 1 (the highest price group) is showing stronger demand than theothers. Current supply/demand levels identify Quartile 1 as a Seller's market as buyers seem to be placing emphasis on thepremium homes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 5 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
City OverviewGILBERT, AZ
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 83 days. Half of the listings have come newly on the market in thepast 50 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 6 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
Median List Price
Median Lot Size
29.1
Percent Relisted (reset DOM)
2090
2.0
14 %
Median Number of Bathrooms
74
Inventory of Properties Listed
$ 100
Percent Flip (price increased)
5.0 - 10 acres
Median House Size (sq ft)
$ 214,900
18 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
±+
==
==
==
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
11 33326
652.0 14
3.0
4
52
3.0 34
105
5
3
10 - 20 acres
14
$ 187,900
7
7
35
3.0
6,501 -8,000 sqft
72.0
1509 not available
34
$ 149,000
4.0
74
not available$ 238,950
4.0$ 339,450
14
6
2304
The Market Action index has beentrending down lately, while days-on-market is climbing, providing mostlybearish signs for the market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
34
1813
2.0
The median list price in GILBERT, AZ85296 this week is $214,900. The 137properties have been on the marketfor an average of 74 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
GILBERT, AZ 85296Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
137
$ 870,000
$ 86,500
$ 236,865
12
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 7 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85296
Monday October 15, 2012
Median PriceIn this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice uptrend in general over the last several weeks.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 8 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85296
Monday October 15, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 9 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85296
Monday October 15, 2012
Market Action IndexThe GILBERT, 85296 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 29.10 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 10 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85296
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 74 days. Half of the listings have come newly on the market in thepast 57 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 11 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
Median List Price
Median Lot Size
26.9
Percent Relisted (reset DOM)
2195
2.0
12 %
Median Number of Bathrooms
84
Inventory of Properties Listed
$ 105
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 222,500
23 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
±+
±+
==
≠≠
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
16 23643
832.0 18
3.0
6
63
4.0 41
88
7
3
10 - 20 acres
18
$ 180,000
4
7
41
3.0
not available
43.0
1435 not available
40
$ 138,000
4.0
101
4,501 -6,500 sqft$ 265,000
5.0$ 439,278
18
3
2440
The Market Action Index has beentrending down recently, but as days-on-market decreases also, there arenot strong signals for the direction ofthe market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
40
1980
2.0
The median list price in GILBERT, AZ85234 this week is $222,500. The 162properties have been on the marketfor an average of 84 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
GILBERT, AZ 85234Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
162
$ 2,100,000
$ 60,000
$ 301,369
18
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 12 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85234
Monday October 15, 2012
Median PriceWe continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week.Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 13 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85234
Monday October 15, 2012
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.
90-day Average7-day Average
Page 14 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85234
Monday October 15, 2012
Market Action IndexThe GILBERT, 85234 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 26.95 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 1 (the highest price group) is showing stronger demand than the others, a Seller's market, as buyersseem to be placing emphasis on the premium homes.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 15 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85234
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 84 days. Half of the listings have come newly on the market in thepast 50 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 16 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
Median List Price
Median Lot Size
27.3
Percent Relisted (reset DOM)
2255
2.0
14 %
Median Number of Bathrooms
89
Inventory of Properties Listed
$ 104
Percent Flip (price increased)
not available
Median House Size (sq ft)
$ 224,900
20 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
==
==
==
≠≠
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
18 23220
922.0 18
3.0
4
62
3.0 28
95
5
5
not available
22
$ 199,450
4
6
28
3.0
not available
22.0
1436 not available
28
$ 133,500
4.0
108
not available$ 259,950
4.0$ 365,000
16
5
2422
Inventory is up and Market Action istrending down recently. While days-on-market appears to be trendinglower, the overall conditions areweakening a bit.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
27
1899
2.0
The median list price in GILBERT, AZ85233 this week is $224,900. The 111properties have been on the marketfor an average of 89 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
GILBERT, AZ 85233Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
111
$ 549,900
$ 44,900
$ 237,818
20
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 17 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85233
Monday October 15, 2012
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 18 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85233
Monday October 15, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 19 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85233
Monday October 15, 2012
Market Action IndexThe GILBERT, 85233 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 27.32 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThe lower end of this zip code are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. The high-end of the market is showing demand strength in the Seller's Market zone, while Quartiles 3 and 4 have aMarket Action Index below 30 (Buyer's Market).
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 20 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85233
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 89 days. Half of the listings have come newly on the market in thepast 64 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 21 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
Median List Price
Median Lot Size
23.6
Percent Relisted (reset DOM)
2560
2.0
21 %
Median Number of Bathrooms
86
Inventory of Properties Listed
$ 124
Percent Flip (price increased)
10 - 20 acres
Median House Size (sq ft)
$ 308,900
28 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
==
±+
==
≠≠
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
7 64000
742.0 7
3.0
5
72
4.0 43
87
5
10
10 - 20 acres
7
$ 269,900
7
4
44
4.0
10 - 20 acres
52.5
1726 10 - 20 acres
43
$ 211,500
4.0
111
6,501 -8,000 sqft$ 340,990
5.0$ 469,990
6
7
2706
Demand measured by the MarketAction Index is increasing and days-on-market is trending downward.Even as more properties comeavailable, these are positive trendsfor the market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
43
2289
2.0
The median list price in GILBERT, AZ85298 this week is $308,900. The 173properties have been on the marketfor an average of 86 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
GILBERT, AZ 85298Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
173
$ 90,000,000
$ 115,000
$ 871,215
6
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 22 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85298
Monday October 15, 2012
Median PriceWe continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Indexbefore we see prices move from these levels.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 23 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85298
Monday October 15, 2012
Price per Square FootThe value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the MarketAction Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
90-day Average7-day Average
Page 24 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85298
Monday October 15, 2012
Market Action IndexThe GILBERT, 85298 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 23.56 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 25 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85298
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 86 days. Half of the listings have come newly on the market in thepast 50 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 26 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
Median List Price
Median Lot Size
30.7
Percent Relisted (reset DOM)
2408
2.0
14 %
Median Number of Bathrooms
89
Inventory of Properties Listed
$ 100
Percent Flip (price increased)
8,001 - 10,000 sqft
Median House Size (sq ft)
$ 245,000
28 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Seller's Advantage
≠≠
==
==
±+
≠≠
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
9 14139
652.0 8
3.0
6
78
3.0 31
111
6
5
10 - 20 acres
6
$ 198,900
4
2
31
4.0
not available
83.0
1488 6,501 -8,000 sqft
31
$ 130,000
5.0
104
8,001 -10,000 sqft$ 289,000
5.0$ 489,500
9
5
2902
The Market Action Index has beentrending down lately, indicatingdemand falling along with supply.Conditions point to mildly negativetrends for the market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
31
2045
2.0
The median list price in GILBERT, AZ85295 this week is $245,000. The 124properties have been on the marketfor an average of 89 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
GILBERT, AZ 85295Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
124
$ 860,000
$ 84,000
$ 287,256
8
Trend Key:
In the last few weeks the market hasachieved a relative stasis point interms of sales to inventory.However, inventory is sufficientlylow to keep us in the Seller's Marketzone so watch changes in the MAI. Ifthe market heats up, prices arelikely to resume an upward climb.
Page 27 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85295
Monday October 15, 2012
Median PriceDespite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's highpoint, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 28 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85295
Monday October 15, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 29 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85295
Monday October 15, 2012
Market Action IndexThe GILBERT, 85295 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index standsat 30.74 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileThree of the four quartiles of this zip code are in the Buyer's Market zone with several months of inventory given the currentlevels of demand. Quartile 2 (the upper-middle price group) is showing stronger demand than the others, as a Seller's market.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 30 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85295
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 89 days. Half of the listings have come newly on the market in thepast 50 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 31 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
Median List Price
Median Lot Size
27.0
Percent Relisted (reset DOM)
2351
2.0
10 %
Median Number of Bathrooms
73
Inventory of Properties Listed
$ 102
Percent Flip (price increased)
5.0 - 10 acres
Median House Size (sq ft)
$ 249,000
31 %
4.0
Market Action Index
Median Number of Bedrooms
Asking Price Per Square Foot
n/a
Percent of Properties with Price Decrease
Buyer's Advantage
≠≠
==
==
±+
==
Altos Research Value Statistics
Most Expensive Listing
Average Days on Market (DoM)
Bottom/Fourth
Lower/Third
Upper/Second
Top/First
This Week Real-Time Market Profile Trend
The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.
Supply and Demand
Characteristics per Quartile
8 23552
702.0 8
3.0
6
50
4.0 34
93
5
8
5.0 - 10acres
9
$ 225,000
5
2
35
3.0
not available
63.0
1750 not available
34
$ 164,000
4.0
79
not available$ 310,950
4.0$ 429,995
10
9
3050
Inventory has been lightening latelyand the Market Action Index has beentrending up. These are mildly positiveindications for the market.
Monday October 15, 2012
David Dion | Solutions Real Estate | 480-332-5942 | www.
34
1988
2.0
The median list price in GILBERT, AZ85297 this week is $249,000. The 137properties have been on the marketfor an average of 73 days.
Most expensive 25% of properties
Upper-middle 25% of properties
Lower-middle 25% of properties
Least expensive 25% of properties
Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.
No change
Strong upward trend Strong downward trend
Slight upward trend Slight downward trend±+
== ≠≠
≠=
GILBERT, AZ 85297Neighborhood Detail
Least Expensive Listing
Average List Price
Average Age of Listing
137
$ 1,250,000
$ 70,000
$ 296,472
9
Trend Key:
The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.
Page 32 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85297
Monday October 15, 2012
Median PriceThe market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch theMarket Action Index to predict how long this trend will last.
90-day Average7-day Average
Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 33 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85297
Monday October 15, 2012
Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.
90-day Average7-day Average
Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
90-day Average7-day Average
Page 34 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85297
Monday October 15, 2012
Market Action IndexThe GILBERT, 85297 market is currently in the Buyer's Advantgae zone (below 30), though not strongly so. The 90-day MarketAction Index stands this week at 27.02 so buyers should expect to find reasonable levels of selection.
Buyers/Sellers Cutoff90-day Average
Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.
First/Top Second/Upper Third/Lower Fourth/Bottom
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.
Page 35 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917
David Dion | Solutions Real Estate | 480-332-5942 | www.
Neighborhood DetailGILBERT, AZ 85297
Monday October 15, 2012
Days on MarketThe properties have been on the market for an average of 73 days. Half of the listings have come newly on the market in thepast 50 or so days.
90-day Average7-day Average
Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
First/Top Second/Upper Third/Lower Fourth/Bottom
Page 36 of 36
Single Family Homes in
Katy Katz, Associate Broker at Solutions Real Estate | www.katykatz.com | 602-618-0917